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Developers looking for profitable apartment building sites are ranging out from Uptown and downtown Dallas.

One of the emerging construction markets is Dallas near east side, close to the central business district and Baylor University Medical Center at Dallas.

Trammell Crow Residential and Greystar Real Estate have two large apartment projects in the works on Ross Avenue and Live Oak Street.

Now another major apartment builder, Encore Multi-Family, has locked up a construction site in the same area.

Encore Multi-Family is working on plans for a five-story, 253-unit rental community at Swiss Avenue and North Peak Street.

The property is now occupied by a Bank of Texas building that will soon be replaced by one on Live Oak, said Brad Miller, president of Dallas Encore Multi-Family.

We like East Dallas, Miller said. I dont know if it will be the next Uptown, but it certainly has some promise.

Encore Multi-Family is just finishing construction on a 288-unit apartment community near UT Southwestern Medical Center on Maple Avenue.

The Maple Avenue corridor, like East Dallas, has been a growing market for apartment development.

We are really good in D-FW at expanding the definition of what is the core market and going into fringe areas, said Greg Willett, vice president with Carrollton-based apartment market analyst MPF Research. A much bigger share of the renters can actually afford the price point in these locations.

Original post:
Apartment developers head to East Dallas for new building sites

Work started this week on The Hadley, a luxury apartment project on the site that used to be occupied by True Value Hardware and The Islander Restaurant. The average size of the 219 units is 729 square feet.

image credit: Contributed Rendering

Island-owned Legacy Partners Residential, Inc., in a joint venture with The Resmark Companies Resmark Apartment Living division, announced the start of construction of The Hadley Apartments, a new apartment building community located within Mercer Islands Town Center.

The project is located on the corner of S.E. 27th Street and 76th Avenue S.E. The Hadley will be the only significant apartment project to start construction on Mercer Island in either 2014 or 2015, the developer said.

The Hadley will feature four stories of wood frame construction over a two-story concrete podium. The project includes 209 luxury open one and two-bedroom apartments, averaging 729 square feet. Some units will feature dramatic views of the Cascade Mountains, nearby Lake Washington and the downtown Bellevue cityscape.

Underground parking for 244 cars will be provided in addition to four commercial spaces totaling 9,200 square feet at ground level.

Working with the city, the developer agreed to set aside 13 units that will be affordable to residents making 70 percent of King County area median income. For example, a single person making $40,140 would qualify under this program for an affordable unit. Rents for these units range from $1,081 for a studio to $1,389 for a two-bedroom. Fifty-six parking spaces were set aside for walk off parking which would allow drivers to park their car for a time while they shop or run errands at nearby businesses.

The site sat vacant and fenced for the past year after The Islander Restaurant and True Value Hardware moved into new locations within the Town Center.

But plans for the project have been underway for four years or more.

According to the King County Assessors office, the former Hudesman property, a 32,000-square-foot parcel, sold on Nov. 8, 2011 for $8 million, about 10 percent over its assessed value.

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Construction begins on Legacy apartment project

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Stephen Goddard from the Owners Corporation Network explains why the court ruling shows government intervention is desperately needed.

A High Court ruling over building defects in a multimillion-dollar apartment complex in Chatswood will make it harder for owners to seek legal redress for shoddy apartments, warn experts.

In the final chapter of a two-year court battle, the High Court ruled on Wednesday that the owners corporation of serviced apartments in a 22-storey building in Railway Street could not sue the builder, Brookfield Multiplex, to recover the cost of fixing alleged defects in common areas.

The ruling comes beforenew building laws are due to take effect in NSWon December 1 that will also limit the rights of apartment ownersto seek redress for faults.

Owners Corporation Network chairman Stephen Goddard: There is a "gaping hole in consumer protection" for residential apartment owners. Photo: Supplied

Owners Corporation Network chairman Stephen Goddard, a strata lawyer, said the State Parliament needed to step in to address a "gaping hole in consumer protection" for residential apartment owners.

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He said "about 85 per cent" of new buildings contained defects. The court's reasoning, while sound, "underlined in red" the need for additional statutory protections for consumers.

The High Court found that contracts relating to the construction and sale of the apartments set out the circumstances in which the builder or developer was liable for defects in building work.

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High Court decision bad news for apartment owners

St. Louis, MO (PRWEB) October 08, 2014

In October, St. Louis often sees an increase in the following pest issues: fleas, bedbugs, ants and rodents. The increasingly cooler temperatures of fall force pests to search for warmer housing and new food sources. Pests natural food sourcescrops, gardens, and trash itemsbecome less accessible and less abundant than in the spring and summer, so rodents and ants begin to look elsewherenamely in the home.

Micks is offering free estimates on pest solutions for residential and commercial customers this fall, $10 off any pest service for new customers and $50 off termite elimination for new customers. Its something to take advantage of now!

One flea can produce thousands in their short lifespan of one to one-and-a-half years, Micks Exterminating President, Matt Ostrander said. With fall temperatures vacillating between warm and cool, fleas are still a problem to look for. We use an Insect Growth Regulator to control fleas which stops the flea from developing into an adult. Without the IGR, controlling fleas would be almost impossible due to the fact that they lay so many eggs.

Bedbugs multiply quickly and a single female can lay 500 eggs during her life with her offspring reproducing within a few months as well. Bedbugs can develop a resistance to certain insecticides, Ostrander said. If the homeowner treats their house with an over the counter product, the bedbugs will just scatter to a safe area and wait until moving is possible again. They can survive a year without feeding, so making sure to remove them properly is imperative!

Ants live in large social colonies numbering in the tens of thousands, sometimes millions, and their volume makes them a challenge to control. Ants will seek your kitchen for its warmth and food. Your home is ideal because ants can easily live in kitchen cabinets, floor cracks and within walls. Ants are not only troublesome but can cause serious damage to the home, destroy food and track dirt and disease in from the outside. You must find out how and where they are getting in to have a chance to control, Ostrander said. Same as bedbugs, ants can detect over the counter products and just scatter to a safe area only to return when the product wears off.

Rodents include mice, rats, squirrels, chipmunks and more, and their breeding season peaks by late summer and pregnant females need secure, warm nesting sites with reliable food sources and protection from predatorshence the desire to enter a home. The most common mouse in St. Louis is the House Mouse, Ostrander said. House mice are more than a nuisance; they damage personal property by eating and contaminating stored food and are human disease carriers. They also have been known to cause fires by chewing electrical wires.

Just placing a few mouse traps out isn't enough. We have to do a full inspection of the house and find and seal the areas they are getting in, Ostrander said.

About Micks

Micks Exterminating is a local, family owned pest control and exterminating business with over 40 years of experience. And with fall here, we want to help ensure your home is pest free by offering free estimates and pest control tips.

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Micks Tips & Estimates on Fall Pest Solutions

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